Question: I have built up multiple years of tax debt and have been living in fear of liens and garnishments. Are the television ads true? Is there a way I can make a deal for a lesser amount so I can ...

Tax season might be behind us, but for millions of Americans, the stress of unpaid tax bills still lingers. But whether it's due to an issue with unexpected income, a missed payment to the Internal ...

If you owe taxes to the Internal Revenue Service (IRS) but cannot afford to pay the full amount, you might qualify for an Offer in Compromise (OIC). This program allows eligible taxpayers to settle ...

The Offer in Compromise (OIC) is a program by the IRS that allows individuals or businesses to settle their tax debt by paying less than the full amount owed. The IRS typically approves an OIC when ...

For those who cannot pay the full amount they owe in taxes, the Internal Revenue Service allows qualifying taxpayers to settle their tax debt for less than the full amount. This is called an “offer in ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Text Callout : Key Takeaways - IRS Offer in Compromise: Everything You Need to Know If you’ve found yourself in debt to Uncle Sam, there are many ways to pay what ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...